Wednesday, January 30, 2013

Today's Pick (18/01/13/13/937) Malaysian Companies Invited To Participate In US$90 Billion Indian Corridor


Malaysian Companies Invited To Participate In US$90 Billion Indian Corridor

January 17, 2013 12:15 PM
KUALA LUMPUR, Jan 17 (Bernama) -- The Indian government expects to attract Malaysian investors to participate in its US$90 billion Delhi-Mumbai Industrial Corridor development project.

In making the call, Indian High Commissioner to Malaysia, Vijay K. Gokhale, said Malaysian companies, which are known globally for their immense level of knowledge and expertise in infrastructure development and logistics, would be able to contribute significantly to the mega-project.

He said the
Indian government, through the high commission in Kuala Lumpur, was set to embark on a series of promotional exercises including investment seminars and roadshows.

"We have listed a number of countries that we would like to invite for participation. Malaysia is among the frontliners of the list," he told Bernama.

The
Delhi-Mumbai Industrial Corridor is a mega infra-structure project with financial and technical assistance from Japan, covering an overall length of 1,483 kilometres between the two main cities in the 1.2 billion population nation, namely New Delhi and Mumbai.

Described as an ambitious project, it is
aimed at developing an industrial zone spanning across six states in India, with major expansion in infrastructures and industries including industrial clusters and rail, roads, ports and air connectivity to be seen in the states along the route of the economic corridor.

On the promotional activities, Gokhale said the High Commission has joined hands with the Malaysia-India Business Council to organise an investment seminar, slated to be held in March 2013.

"We have invited several notable speakers from both India and Malaysia. We are expecting about 100 companies to join in this seminar.

"The seminar would serve as a bridge to enable more Malaysian companies to do business in India, especially in the Delhi-Mumbai Industrial Corridor," he added.


Source : BERNAMA
Date : 17 January 2013
Today's Pick (18/01/13/13/937)

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